The Treasury Department said it plans to start sending out more tax rebate checks as soon as it finishes mailing checks for regular tax refunds.
So far, the Treasury Department has sent or deposited more than 51.675 million tax rebates, also known as economic stimulus payments, totaling $45.72 billion.
Last week, the Treasury said it had nearly completed making all the direct deposits. That shifts the emphasis now to paper checks, which it began mailing a little over a week ago. However, as the Treasury facilities are still also working on mailing taxpayers' refund checks, they are not yet at full capacity for printing and mailing all the stimulus checks.
In June, once the majority of tax refund mailings are out of the way, the Treasury will print and mail stimulus checks at full capacity and its weekly volumes will increase. Last week, the Treasury processed 6.211 million economic stimulus payments totaling $4.927 billion.
To see a schedule of the payments, visit http://www.irs.gov/irs/article/0,,id=180250,00.html.
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